I am happy to report that home values are finally increasing in our area.  This is great news for home owners and those thinking of getting off the fence and purchasing a home.

From January to December of 2012, we saw prices decline only .8 percent (.08%).  Keep in mind that is 2012 overall. In fact, 2012 improved so much over the course of the year, prices are up close to 2%.

Inventory levels of homes in general is down as well.  Some of that is typical for this time of year but we have also seen a reduction in the number of foreclosures.  Expect to see an increase in short sales for a while as lenders begin to streamline the process and seek to use that vehicle as a better alternative to foreclosures.

Stay tuned for more information and updated January sales reports!

Wilmington NC Real Estate Sales - Chris Baynes REALTOR Chris Baynes and Associates is one of the area’s most successful Realtor Teams. We specialize in helping buyers and sellers with real estate services in the greater Wilmington NC area including Wrightsville Beach, Carolina Beach, Kure Beach, Castle Hayne, Hampstead, Leland, Belville, New Hanover County, Brunswick County and Pender County, and all Wilmington NC Real Estate.